Standard Chartered Platinum Rewards
KeepFive times the points, a quarter of the value — and ₹250 that one swipe makes disappear.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: Not published as points — SC's joining offer on this card is a fee waiver instead: spend ₹500 within 30 days of issuance and the one-time ₹250 + GST is never levied (digital applications only, and not for existing SCB card holders)
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays for itself at ₹13,000 a month
At ₹13,000 a month — ₹1,56,000 a year — on the everyday mix this card returns ₹300 gross (earn ₹300) against its ₹250 fee = ₹0 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
3 notes on the card itself: how it is issued · the network variants · why it ranks #398
Why #398 Ranked on what its point is actually worth, not on the 5X headline. Standard Chartered's own value chart prices this card's reward point at ₹0.25, so 5 points per ₹150 on dining and fuel is 0.83% and everything else is 0.17% — a quarter of what the multiplier implies. No lounge, no transfer partner, no forex relief; what earns it a place is that the fee is ₹250 and one ₹500 swipe in the first month can make it lifetime free.
Standard Chartered houses 360° Reward Points at ₹1.00 because the Ultimate redeems them at ₹1 apiece. This card does not. Its own value chart prices 2,000 points (5 per ₹150 on ₹60,000 of dining and fuel) at ₹500, and 1,200 points (1 per ₹150 on ₹1,80,000 of other spend) at ₹300 — ₹0.25 a point on both rows. `earn.base` bakes that quarter in.
The take
Read Standard Chartered's own value chart before you read the 5X. The chart is two rows: ₹60,000 a year of dining and fuel at 5 points per ₹150 comes to 2,000 points, which SC totals at ₹500; ₹1,80,000 of everything else at 1 point per ₹150 comes to 1,200 points, which SC totals at ₹300. Both rows price the point at 25 paise, not the rupee the Ultimate gets — so the real rates here are 0.83% on dining and fuel and 0.17% on everything else, and the multiplier is doing far less work than the tile suggests. What is genuinely uncapped is the 5X itself: SC says outright there is "no monthly limit to your reward points", which is unusual on an Indian entry card and the one structural reason to keep this over a capped 5% bucket. The fee is the other reason. ₹250 in year one and ₹250 thereafter, and SC's digital-channel offer wipes the one-time charge entirely if you make a single retail transaction of ₹500 within 30 days of issuance — which is how this card ends up in wallets as a lifetime-free dining card. There is no travel case at all: 3.5% forex, no lounge, no partner, and points that redeem only into SC's 360° catalogue with a ₹99 handling charge per redemption. It is a ₹0 dining card that pays 0.83%, and it should be judged as exactly that.
Your renewal — keep, downgrade or cancel
Here is the fee, the spend that clears it, and everything that has moved under this card since you last decided.
Keep, downgrade or cancel
₹250/yr at stake · 5 spend bands
The charge ₹250/yr
Break-even ₹13,000 a month — ₹1,56,000 a year — is where this card's value crosses its fee.
At your spend
₹300 a year, net of the fee, at ₹3,00,000 of annual spend
₹800 a year, net of the fee, at ₹6,00,000 of annual spend
₹1,800 a year, net of the fee, at ₹12,00,000 of annual spend
₹5,800 a year, net of the fee, at ₹36,00,000 of annual spend
₹9,800 a year, net of the fee, at ₹60,00,000 of annual spend
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Standard Chartered publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- 5 reward points per ₹150 on fine dining and on fuel, with no monthly cap on points earned
- Effectively lifetime free: spend ₹500 within 30 days of issuance and SC never levies the one-time ₹250 + GST (digital applications only)
- Instant approval with no documentation, and a virtual card available as soon as the application is approved
- Lifetime-free supplementary cards, and Balance on EMI up to ₹5,00,000 at zero processing fee
Watch out
- SC's own value chart prices this card's point at ₹0.25, not the ₹1.00 its Ultimate gets — the 5X is 0.83%, not 3.33%
- Base earn is 0.17%, among the lowest on any card this desk prices
- The 'Zero Annual and Joining Fees' headline is a digital-channel offer conditional on a ₹500 spend in 30 days, and it excludes existing SCB credit card holders — the published fee is ₹250 in year one and ₹250 thereafter
- SC publishes no annual-spend waiver for the renewal fee on this card, unlike Smart and Manhattan
- Revolves at 3.75% a month — an APR of 45%, which SC prints on this card's own page
- Forex is 3.5%, there is no lounge access, and 360° points reach no airline or hotel partner
- Every 360° redemption carries a ₹99 rewards handling charge
What these points actually fly
No live transfer route takes StanC 360° Reward Points into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
income, age and the route in
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Direct application — no invite list, no banking relationship required.
per the official Standard Chartered MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
6 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
Fee ₹250 in year one and ₹250 from year two — the tariffs table reads "Platinum Rewards | 250 | 250 | Nil" and the card's own FAQ says the same in words. The page headline "Zero Annual and Joining Fees*" is a DIGITAL-CHANNEL OFFER, not a published Nil: its footnote levies a one-time ₹250 + GST unless a retail transaction of ₹500 or more is made within 30 days of issuance, and it excludes existing SCB credit card holders. SC publishes NO annual-spend waiver for this card, unlike Smart and Manhattan. THE POINT VALUE IS THE TRAP: SC houses 360° points at ₹1.00 on the Ultimate's strength, but this card's own value chart prices 2,000 points at ₹500 and 1,200 points at ₹300 — ₹0.25 each — so 5X dining and fuel is 0.83% and the base is 0.17%. The 5X rung is genuinely uncapped: "no monthly limit to your reward points". Instant approval with no documentation, and a virtual card on approval. NO LOUNGE ACCESS. Visa.
per the official Standard Chartered MITC · reviewed 10 Jul 2026
What's changed for this card
3 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 15 Oct 2024EaseMyTrip card loses Priority Pass, domestic visits halved1 complimentary domestic lounge visit per quarter + Priority Pass with 2 international visits a year → 2 domestic visits per calendar year; no Priority Pass, no complimentary international lounge access
The travel co-brand quietly stopped being a travel card: from 15 October 2024, Standard Chartered pulled Priority Pass from the EaseMyTrip card entirely and cut domestic lounge access from four visits a year to two. International lounges are now pay-per-visit at rack rates. What's left is a ₹350 EaseMyTrip discount coupon — which, to be fair, is what it always really was.
- 25 Aug 2024Ultimate's forex settles at a clean 2% at posting
- 2 Apr 2023Ultimate cuts six categories from 3.33% to 2%
Verified against Standard Chartered's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 2 of them, each with the day we read it
- official Standard Chartered's Platinum Rewards page — the 5X dining and fuel rates, the value chart that prices the point at ₹0.25, and the ₹250 fee its own FAQ confirms
- official Standard Chartered's shelf-wide tariffs and charges — Platinum Rewards at ₹250 in both years, the ₹99 redemption charge and the 3.5% overseas fee